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This annual report includes information on U.S. and global imports of dairy products, including maximum quantities that can be imported under tariff-rate quota licensing.
Korean imports of cheese products continue to grow, seeing a five percent compound annual growth rate over the last five years. Mozzarella is the most imported cheese product and the United States is the leading supplier of cheese to Korea.
Korea’s beer imports reached $218 million in 2023, up 11.8 percent from $195 million in 2022, but still 30 percent down from the record high of $310 million in 2018. Although Korea’s beer imports have been decreasing since the pandemic, the United States increased exports of beer to Korea in 2023, reaching $17.9 million, up 43% from $12.5 million in 2022.
Egypt has released a pair of Government Decrees, several World Trade Organization notifications, and a revised Egyptian Standard in recent months on the shelf-life validity period for frozen beef liver and other products.
On December 16, 2024, the Government of Indonesia (GOI) announced the increase in value-added tax (VAT) from the current 11 percent to 12 percent on selected goods and services, effective January 1, 2025. In addition, a separate 12 percent luxury goods sales tax will newly be applied for luxury products intended for high-end Indonesian consumers (luxury VAT).
The South African retail food sector is strong, despite the development of the COVID-19 crisis and the March 2020 national lockdown.
The Singapore food retail sector is highly developed and competitive.
Government of Sri Lanka issued a new notification stipulating temporary import controls for certain goods on May 22, 2020 as an interim measure to minimize the domestic economic impact of COVID 19.
Post's production forecast for Ukraine's MY2020/21 production for both wheat and barley are lower compared to the previous marketing year.
Travel restrictions stemming from the COVID-19 pandemic have precluded required on-site inspections of seven U.S. plant exports by Japanese authorities.
On June 5, 2020, India’s Ministry of Law and Justice issued three ordinances that will liberate existing market restrictions, eliminate free trade barriers in agricultural production...
Post anticipates a larger supply for MY2020/21, as a wet spring boosted fodder yields in non-irrigated land. Spanish fodder continues consolidating its presence in Asian markets.